Anglo Asian Mining Share Discussion Threads

[basem1] 08/6/2018 11:06

Hindsight can be a wonderful thing, most unlike myself not to buy the low. 45.7 now seems to high lol

[mattjos] 08/6/2018 11:02

yes, online bid now 45p for 25k+ shares

[basem1] 08/6/2018 10:53

Firmly believe the overhang is close to Clearing. Dummy 10,000 trade 45 - 45.7.

[celeritas] 08/6/2018 10:43

Beufort is just a guess but my thoughts are that they would have some. Are these to be sold to balance the books, who knows but really its not a problem.


Its nice to know all exploration costs are also recoverable with our $6m 3 year plan.

The Group can recover the following
costs in accordance with the PSA:
• all direct operating expenses of the
Gedabek mine;
• all exploration expenses incurred on the
Gedabek contract area;
• all capital expenditure incurred on the
Gedabek mine;
• an allocation of corporate overheads –
currently, overheads are apportioned
to Gedabek according to the ratio of
direct capital and operating expenditure
at the Gedabek contract area compared
with direct capital and operational
expenditure at the Gosha and Ordubad
contract areas; and
• an imputed interest rate of United States
Dollar LIBOR + 4 per cent. per annum on
any unrecovered costs.
Unrecovered costs are calculated separately
for the three contract areas of Gedabek,
Gosha and Ordubad and can only be
recovered against production from their
respective contract areas. The total
unrecovered costs for the Gedabek
and Gosha contract areas at end 2017
were $94.6m and $21.8m respectively
(2016: $99.8m and $21.8m respectively).

[mattjos] 08/6/2018 10:42

I agree jim ... don't think this is anything to do with Beaufort whatsoever.
The two big sells the other day had no conditions attaching to them and so I believe were straightforward sales on the open market.

Had they occurred at 5p no one would have thought twice about it but, now the price is 9 times higher, folk are unduly obsessed about them

[lefrene] 08/6/2018 10:42

jimbowen30, One thing for sure with PWC extracting their £110 million in fee's then a lot of less than solid stock has to be sold. You sell the stuff that's the easiest and most saleable first, because above all else you want to get your fee's in. In this murky market the plebs will never know, and the Beaufort clients are going to be paying the price. The lesson from this is that you don't own your stock unless you have actual certificates.

[jimbowen30] 08/6/2018 10:28

I doubt the type of clients that used Beaufort owned any AAZ and if they did, then no more than a few thousand shares tops. They were a bucket shop, so a complete red herring to think they had any substantial amount to sell imo

[basem1] 08/6/2018 10:16

Good time to buy then.

[bumpa33] 08/6/2018 10:03

Fyi Singers have had a natural seller into them for the past few days - now cleared. Nothing to do with Beaufort, PWC etc, so I’m told.

[bleepy] 08/6/2018 09:35

Mattjos

Annual report and accounts 2017




An excellent read and no doubt you will include in the header.

Love the new look website also.

[2sporrans] 08/6/2018 09:19

and a few more for me; a tad sub 45p.

[tradeforce] 08/6/2018 08:41

Just copped another 22123 at 45.2p

[2sporrans] 08/6/2018 08:31

Only gave the annual report a superficial read yesterday but will peruse more thoroughly next day or 3.

Think it's well put together and promotes AAZ pretty effectively.
Ditto the updated AAZ website.

Hopefully will imbue new investors with a greater awareness of what is being achieved more quickly, along with enhanced confidence in the quality of the management.

For me, it's clearer to see the beyond the unremarkable headline profit figures and appreciate the true growth and value from reading the 2017 report. I mean from a reading point of view. A new/prospective investor no longer has to read through a fair number of previous reports [quarterly, ad hoc, etc] to gain the same level of understanding that reading just the 2017 report provides. Plus subsequently topping up knowledge from the very latest RNSs is that much quicker/easier

Like Matt [posted yesterday], hadn't appreciated there's additional thickener plant along with the new crusher.
Hope the commissioning is going well and soon completed.

There's going to be a lot more posted here about copper over the months to come.

[mattjos] 07/6/2018 19:18

Great article this & I don't think it is exaggerating the problems in any way.https://goldswitzerland.com/italy-hyperinflation-and-gold/

[jbravo2] 07/6/2018 16:19

Jeez. I'm not sure what you lot are on.
I really don't think its Beaufort. I suspect its just people cashing in their gains. It's not really making any difference.
The rate of share price appreciation has been by and large the same since a year ago. Look at the graph above in the thread that matt has kindly put in.
Sure it spikes up and down but the trend is our friend.
UP, UP and UP.

[lefrene] 07/6/2018 15:40

I take that view too Terropol, AAZ is perhaps one of the few AiM holdings for which they can find a ready market of scale. PWC 'will' have their fee's. Too much to ask if AAZ's broker could enquire as to when they will be finished?

[gutterhead] 07/6/2018 15:15

Terropol, hope to see you there at AGM

[terropol] 07/6/2018 15:06

Is got to be the Beaufort holdings being processed, I can not see that there are so many sellers out there....
Wonder how many millions they had on their books???

[basem1] 07/6/2018 14:11

45.5p to buy again folks

[2sporrans] 07/6/2018 10:22

Buying continues to be at below mid price; 45.5p yesterday pm, 45.88p this morn.
Trading screen I'm looking at shows them as sells, despite the quoted price range rising meanwhile to 45<>47p. [The 1 wee sale was at ~45p]
Brokerage AI has ways to go yet.

[2sporrans] 07/6/2018 10:11

"less than a year ago two directors sold 886K shares at 17 pence."

Well remembered md.

The daft side of the sale was that the 886k were dumped, in one job lot, ensuing a substantial fall in the price given that's maybe 3 days av. trading volume.
Brokers just following rigid rules I guess.

The date of the options exercise sale was set and openly declared months before; so one logical aspect of this was for enthusiastic investors to store a stash of klebbies in readiness for discounted buys, come the day.

[terropol] 07/6/2018 09:56

AGM confirmed to be held on the 29th of June at the Washington Mayfair Hotel, 5 Curzon st. London W1J 5he 10.30am

See you all there for tea and biscuits....

[mattjos] 07/6/2018 09:41

hadn't not fully appreciated the new crusher would of course require new thickener plant also but, logical when you think about it. (Photos in the Annual report)

[misterdeb] 07/6/2018 09:37

There will always be sellers! I know they were share options but less than a year ago two directors sold 886K shares at 17 pence.

Wheres the logic in that?

[malcolmmm] 07/6/2018 08:48

Perhaps its because the markets are becoming more confident and gold isn't rising as a consequence but saying that these are far to cheap anyway.